Gawker Filing for Bankruptcy, Seeking New Owner

Staff / Truthdig Jun 11, 2016 The online media site owes Hulk Hogan $140 million after it lost a privacy lawsuit earlier this year, but it’s hoping to be bought by publishing company Ziff Davis, which could lower its payment. Dig deeper ( 2 Min. Read )

Coal Mine Pollution

Jeff Danziger / Truthdig Jun 9, 2016 Dig deeper

Lock Up the Men, Evict the Women and Children

Chris Hedges / Truthdig May 30, 2016 Part of the daily reality of poverty in America, evictions—along with mass incarceration—are the mechanisms used to destroy communities and profit from the misery of the poor. Dig deeper ( 12 Min. Read )

VIDEO: Elizabeth Warren Has Known for Years Where Hillary Clinton’s True Loyalties Lie

Staff / Truthdig Jan 31, 2016 An old clip of the Massachusetts senator shows she's known the truth about Hillary Clinton's relationship with Wall Street for quite some time. Dig deeper ( 1 Min. Read )

Donald Trump Proves What’s Wrong With Bankruptcy Laws in America

Robert Reich / Truthdig Oct 4, 2015 Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street bankers, who have had enough political clout to shape bankruptcy laws (like many other laws) to their needs. Dig deeper ( 6 Min. Read )

Why Biden’s Bankruptcy Bill Could Complicate a Presidential Run

David Sirota / Truthdig Sep 4, 2015 A Joe Biden campaign risks confronting the scorn of one of the party's most influential progressives, Sen. Elizabeth Warren. Though Biden has reportedly sought her favor, Warren has historically refrained, accusing him of acting as a tool of the credit card industry by limiting debt relief for people grappling with financial trouble. Dig deeper ( 3 Min. Read )

The Bankruptcy of Detroit and the Division of America

Robert Reich / Truthdig Sep 6, 2014 Detroit is a model for how wealthier and whiter Americans escape the costs of public goods they’d otherwise share with poorer and darker Americans. Dig deeper ( 3 Min. Read )

Cry for Argentina: Fiscal Mismanagement or Pillage?

By Ellen Brown, Web of Debt Aug 15, 2014 Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Dig deeper ( 6 Min. Read )

Broken Promise: Bankruptcy Judge Says Detroit Can Cut Pension Payments

BLANK Dec 4, 2013 In a perverse case of making the victim pay for the crime, a federal bankruptcy judge says the city of Detroit can renege on pension promises. Experts say the decision could be a template for other governments seeking to get out from under obligations. Dig deeper ( 3 Min. Read )

New York City Opera Files for Bankruptcy

Alexander Reed Kelly / Truthdig Oct 5, 2013 New York City Opera, known for 70 years as the "people's opera" for its affordable tickets, revealed as much as $10 million in assets and debt in a bankruptcy petition it filed Thursday after years of declining income and a failed fundraiser. Dig deeper ( 2 Min. Read )

Detroit’s Bankruptcy: It Took Decades of Bad Decisions

BLANK Sep 16, 2013 A new report by the Detroit Free Press traces more than 60 years of city government decisions that culminated in the city's bankruptcy filing in July. It could have been avoided, and the causes aren't quite what most people think. Dig deeper ( 3 Min. Read )

The Insider’s Economic Dictionary: B Is for Bailout

By Michael Hudson Aug 10, 2013 Republicans and the financial sector sequester the economic surplus in their own hands, price their economic rents to squeeze incomes, and then criminalize poverty as if the poor vote to be poor as a matter of choice! Dig deeper ( 4 Min. Read )